TSCO - Here's How Tractor Supply Is Placed Before Q1 Earnings | Benzinga
Tractor Supply Company (NASDAQ: TSCO) is likely to register an increase in the top and bottom lines when it reports first-quarter 2024 results on Apr 25, before market open. The Zacks Consensus Estimate for revenues is pegged at $3.40 billion, indicating a 3% jump from the year-ago reported figure.
The bottom line of the largest rural lifestyle retailer in the United States is expected to have risen year over year. The Zacks Consensus Estimate for earnings per share for the first quarter has remained stable at $1.70 in the past 30 days, suggesting 3% growth from the year-ago period's reported figure.
Tractor Supply has a trailing four-quarter earnings surprise of 0.5%, on average. In the last reported quarter, this Brentwood, TN-based company's earnings missed the Zacks Consensus Estimate by 2.6%.
Key Factors to Note
Tractor Supply has been experiencing momentum, driven by sturdy demand and strong market share gains. The company has been gaining from demand for its core merchandise, including consumable, usable and edible products. Its buyout of Orscheln Farm and Home, and store openings have been aiding its performance. The company has been benefiting from its Life Out Here Strategy and the Neighbor's Club membership program, which is likely to have driven its sales in the to-be-reported quarter. The strategy is essentially based on five key pillars: customers, digitization, execution, team members and total shareholder return.
Tractor Supply has been focusing on its growth initiatives, which include the expansion of its store base and the incorporation of technological advancements to induce traffic and drive the top line. The company's Project Fusion and Side Lot ...